Financial Analyst Accounting

ABOUT US:
 

As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Working at Target means the opportunity to help all families discover the joy of everyday life. Caring for our communities is woven into who we are, and we invest in the places we collectively live, work and play. We prioritize relationships, fuel and develop talent by creating growth opportunities, and succeed as one Target team. At our core, our purpose is ingrained in who we are, what we value, and how we work. It’s how we care, grow, and win together.

Right on pace with Target’s distinctive retail brand, Target Finance and Accounting are transforming for the better. As so much more than a behind the scenes number cruncher, you will be a truly collaborative partner with a seat at the table. You will bring your unique point of view, experience and passion for the work to your team and internal clients. Within Finance, you will enjoy the interesting challenges of the competitive retail space, and you will have a 360- degree impact rather than on just one part of the business. You will see your contributions come to life in virtually every area of this dynamic enterprise. And you will grow and be challenged in your career while having a healthy balance with life outside of work.

PRIMARY FUNCTION:

As a Financial Analyst Accounting, you will be part of a dynamic team responsible for key areas of Target’s vendor accounting and payments process for the India region. The role requires ensuring adherence to internal processes and policy requirements, meeting service levels, and working effectively with internal and external stakeholders to support timely and accurate vendor payments.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Review payment requests received from various teams to ensure they are in accordance with Target policies and have appropriate approvals.
• Review the accounting treatment of payment requests, including withholding tax, GST, and any other applicable taxes, in accordance with statutory provisions.
• Ensure payments are processed on a timely basis in line with internal policies and agreed payment terms.
• Manage vendor-wise provisioning for monthly, quarterly and year end closure of accounts, including reconciliation of respective vendor accounts and ageing statements.
• Review monthly vendor & GL accounts at financial review meetings.
• Ensure compliance with applicable regulations, Internal Audit, Statutory Audits, Internal Financial Controls (IFC), Foreign Corrupt Practices Act (FCPA), and Foreign Exchange Management Act (FEMA).
• Monitor regulatory changes in India, keep the appropriate functions updated on potential impact, and recommend actions to be taken.
• Support initiatives within Target India for the implementation of key vendor payable related regulatory changes and updates to process documents.
• Lead process improvement ideas to drive efficiency, strengthen controls, and improve quality.

JOB REQUIREMENTS:

• Qualification: CA/CMA/CIMA/CPA with 2-4 years of post-qualification experience.
• Good knowledge of Accounting and Accounts Payable functions for the India region.
• Exceptional analytical, problem-solving, and decision-making capabilities, with a strategic mindset focused on process efficiency and financial accuracy.
• Good interpersonal and strong communication skills.
• Working knowledge of ERP SAP will be an added advantage.
• Knowledge of relevant regulations such as GST, TDS, Customs, FEMA, etc.